Recently, Tianhe Magnetic Materials announced that its wholly-owned subsidiary Tianhe New Materials signed the “Investment Agreement on High-Performance Rare Earth Permanent Magnets and Components, Equipment Manufacturing and R&D Project (Phase I)” with the Management Committee of Baotou Rare Earth High-Tech Industrial Development Zone. Tianhe Magnetic Materials is actively responding to the national policy of fully building “two rare earth bases.” In accordance with the company’s strategic development plan, its wholly-owned subsidiary Tianhe New Materials plans to invest in the construction…